GBP futures: upside could be running of steam

Investors trimmed their open interest positions by more than 3.6K contracts on Wednesday vs. Tuesday’s final 227,514 contracts. Volume, instead, rose for the second session in a row, this time by around 8.6K contracts.

GBP/USD met resistance at 1.3200 so far

Cable’s bullish move clinched tops near 1.3200 the figure on Wednesday, where some decent resistance turned up. Declining open interest and rising volume could remove some legs from the ongoing up move.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.